Dublin, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The "Oncology Based In-vivo CRO Market Size, Share & Trends Analysis Report By Indication (Blood Cancer, Solid Tumor), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global oncology based in-vivo CRO market size is expected to reach USD 2.3 billion by 2030 and is expected to expand at 8.2% CAGR from 2023 to 2030.
Increase in outsourcing of R&D activities, high demand for advanced medicines and implementation of international standards by CROs are key factors driving the market growth.
Furthermore, the pressure from the increasing competition due to patent expirations, the rapid growth of generics, and the introduction of biosimilar equivalents are propelling the pharmaceutical companies to take the aid of such organizations. Hence, it can be predicted that the oncology-based in-vivo CRO industry may witness lucrative growth over the forecast period.
Technological advancements such as mobile-enabled innovations for recruiting and communicating with participants, web-based life science labs and robotics labs to perform routine tests can be the opportunities of the market. At a global level, outsourcing is one of the solutions for sponsors and pharma companies seeking to make an entry into a new market.
Big pharma companies such as Pfizer and GlaxoSmithKline partner with local CMOs and CROs which has proven to be successful in enabling foreign companies to achieve marketing, regulatory, and manufacturing goals in emerging economies.
Furthermore, an increase in the number of mergers and collaborations in this industry is expected to expand the market in the coming years. For instance, in January 2023, Bruker an analytical solutions company acquired a preclinical Switzerland-based CRO Biogenesis to expand its capabilities in preclinical activities.
Key Metrics
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $2.3 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Oncology Based In-vivo CRO Market Report Highlights
- Solid tumors segment accounted for a significant revenue share of 46.9% in 2022. The increasing incidence of cancer across the globe and the growing interest of world agencies such as the WHO in analyzing their prevalence, causative agents, and treatment options is boosting R&D
- Based on solid tumor-based model, patient-derived xenograft is anticipated to register the fastest CAGR of 8.9% during the forecast period
- North America accounted for the largest share of 49.6% in 2022, with the major contributions from the U.S., thanks to promising funding available in the region. This has boosted the research activities. Major pharmaceutical and life sciences companies continue to drive market growth with their established presence in the region
- Asia Pacific is anticipated to register the fastest CAGR growth during the forecast period, owing to many developed countries investing in Asia Pacific regions and owing to the various amendments made by the regulatory market to change the clinical trials evaluation standards according to the global platform
Company Profiles
- Charles River Laboratory (CRL)
- ICON Plc
- Thermo Fisher Scientific Inc.
- Eurofins Scientific
- Taconic Biosciences
- Crown Bioscience
- Lab Corp
- WuXi AppTec
- EVOTEC
- The Jackson Laboratory
Key Topics Covered:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Oncology-Based In-vivo CRO Market: Variables, Trends, & Scope
3.1 Segment Outlook
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Accelerating the time to market
3.2.1.2 Economic efficiency
3.2.1.3 Increasing mergers and collaborations
3.2.1.4 Increasing outsourcing of R&D Activities
3.2.2 Market Restraint Analysis
3.2.2.1 Quality issues with CRO
3.2.2.2 Presence of suitable alternative
3.3 Oncology In-vivo CRO Market Analysis Tools
3.3.1 Porter's Five Forces Analysis
3.3.2 PESTEL Analysis
Chapter 4 Oncology-Based in-vivo CRO Market: Indication Estimates & Trend Analysis
4.1 Oncology-Based in-vivo CRO Market: Indication Movement Analysis
4.2 Blood cancer
4.2.1 Blood cancer market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.1.1 Syngeneic model based solid tumor market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.1.2 PDX-based solid tumor market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.1.3 Xenograft-based solid tumor market estimates and forecasts, 2018 - 2030 (USD Million)
4.3 Solid tumors
4.4 Others
Chapter 5 Oncology-Based in-vivo CRO Market: Regional Estimates & Trend Analysis, by Indication
5.1 Oncology-Based in-vivo CRO Market Share by Region, 2022 & 2030
Chapter 6 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/c010hl-based-in?w=12
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